Slide 1: Outstanding high-grade uranium discovery in proven world-class uranium mining district
For personal use only Outstanding high-grade uranium discovery in proven world-class uranium mining district Dec 2012
Slide 2: Disclaimer
Disclaimer For personal use only • This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or
Slide 3: Core Investment Summary
Core Investment Summary For personal use only • Outstanding new discovery (ASX Announcement: 30/11/12) of high grade uranium in maiden drilling program on the 100% owned Fitton Project, in northern S.A. • Maiden drill program at Fitton returns spectacular high grade uranium results: – 14m @ 1,047ppm
Slide 4: Outstanding high-grade uranium discovery at Fitton, S.A.
Outstanding high-grade uranium discovery at Fitton, S.A. For personal use only • Spectacular high grade uranium results from maiden drill program at Fitton: – 14m @ 1,047ppm U3O8 (0.1%) • Including 5m @ 2,540ppm U3O8 (0.25%) – 11m @ 316ppm U3O8 • Including 1m @ 1,465ppm U3O8 (0.15%) – 11m @ 174ppm U
Slide 5: Fitton high-grade uranium discovery: Exciting new drill results
Fitton high-grade uranium discovery: Exciting new drill results For personal use only One of the best uranium discoveries in the region since Beverley Four Mile Hole_Id Depth_From Depth_To Interval_m U3O8 ppm U3O8 % Cu % SLRC001 24 26 2 140 0.01% 0.10% SLRC003 25 26 1 355 0.04% 0.02% SLRC004 21 32 1
Slide 6: Scott Lee Prospect: RC Drilling Results
Scott Lee Prospect: RC Drilling Results For personal use only
Slide 7: Fitton RC Drilling Program: magnetic anomalies drilled
Fitton RC Drilling Program: 6 magnetic anomalies drilled For personal use only
Slide 8: Fitton RC Drilling Program: More uranium anomalies to test
Fitton RC Drilling Program: More uranium anomalies to test For personal use only
Slide 9: Fitton geological similarities to Mt Gee
Fitton geological similarities to Mt Gee For personal use only • The Fitton mineralisation appears to have most geological similarities with the Mt Gee Uranium-REE Deposit at Mt Painter. • Mt Gee deposit contains 69Mlb (31,400T) of U3O8 (Total Resource of 51 Mt at 615 ppm U3O8) within the Paralana U
Slide 10: Fitton uranium discovery in proven world-class uranium mining province
Fitton uranium discovery in proven world-class uranium mining province For personal use only • Large mines, mine developments and deposits within the region: Scott Lee Prospect – Beverley Mine 46Mlb U3O8 Resource 7.7 Mt @ 0.27% (21,000T U3O8) – Four Mile Project 71Mlb U3O8 Resource 9.8 Mt @ 0.33% (3
Slide 11: Core builds strong position in Australia new copper exploration hotspot, NT
Core builds strong position in Australia new copper exploration hotspot, NT For personal use only
Slide 12: GA Report highlights area of Core's tenements as highly prospective for IOCG
GA Report highlights area of Core’s tenements as highly prospective for IOCG For personal use only • Geoscience Australia (GA) is Australia’s leading geoscientific agency • GA’s mineral potential modelling for uranium-rich IOCG mineral systems has identified six areas as having potential in the sout
Slide 13: GA Report highlights area of Core's tenements as highly prospective for IOCG
GA Report highlights area of Core’s tenements as highly prospective for IOCG For personal use only Core Exploration’s tenements overlain on detail of GA IOCG prospectivity map Aileron IOCG Zone, Northern Territory.
Slide 14: Core builds strong position in Australia's newest IOCG Province
Core builds strong position in Australia’s newest IOCG Province For personal use only Core Exploration Albarta Project tenements and prospects overlain on regional geology and structure.
Slide 15: Strong Strategy in new IOCG Province
Strong Strategy in new IOCG Province For personal use only Core will be exposed to the upside from: • CXO exploration success • Exploration and mining success in the region as investment activity increases • Growing industry and market recognition of a new, outcropping IOCG terrain • Exposure to gol
Slide 16: Existing mineralisation at Albarta Project Prospects
Existing mineralisation at Albarta Project Prospects For personal use only Prospect Copper Gold Uranium Other Oona 2.7% Cu 2.6% Zn Paradise Well 3.8% Cu Blueys 2% Cu 320g/t Ag East Amarata 25 g/t Au Pattersons 30m @ 0.5g/t Au* Daicos 19.4% U 22.3% REE Yambla 13.8% U Blueys Folley 7% REE Mordor 2m @
Slide 17: Yerelina Project - Silver Lead Zinc
Yerelina Project - Silver Lead Zinc For personal use only Historic Target Silver Lead Zinc Pb+Zn Great Gladstone 203.0 g/t 5.0% 2.3% 7.30% Emily 12.1 g/t 0.9% 12.4% 13.34% Big Hill 5.9 g/t 1.7% 0.6% 2.35% Summary of best results of reconnaissance sampling of 3 historic mine workings, EL 5015. CXU Ba
Slide 18: Yerelina Project: Silver & Lead/Zinc
Yerelina Project: Silver & Lead/Zinc For personal use only • Kilometre scale - repeated set of highly mineralised faults/targets 18
Slide 19: Forward Exploration Program
Forward Exploration Program For personal use only Project Q4 2012 Q1 2013 Q2 2013 Fitton, S.A RC Drilling Drilling Drilling* Yerelina, S.A Sampling/Mapping Geophysics/Drilling* Albarta, N.T Sampling/Mapping Sampling/Mapping Sampling/Mapping Geophysics Geophysics Drilling* * Subject to results and Bo
Slide 20: Summary
Summary For personal use only • Core’s shareholders are exposed to the immediate upside of the outstanding new discovery of high grade uranium in maiden drilling program on the 100% owned Fitton Project, in northern S.A. • Core’s new Albarta Project takes strong position in new Australian IOCG provi
Slide 21: CXO: Corporate Summary
CXO : Corporate Summary For personal use only Capital Structure • Shares on issue 41.8M • Options 10.75M • Share Price ~$0.13c • Market Cap (undiluted) ~$5.5M • Cash (30 Sep 2012) $1.9M
Slide 22: For personal use only
For personal use only The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd and who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended pra